Tracy Kearey - Mortgage Advice Bureau

🏡 🙏 Thanks for the wrap Karen.

"Tracy was always available to help at all stages of the loan process. I felt like everything was much easier than I expected as Tracy and her team did all the hard work for me. I didn’t really know what I needed or where to start until I contacted Tracy, and I had most of my information in the first phone call. Thanks Tracy and team, I will definitely be recommending you to friends and family".

✨So proud to be sponsoring young women in my local community so they have an opportunity to play the game they love.🏀🏀

🦈 📣 SUNDAY SPONSOR SHOUT OUT 📣🦈

We want to take a moment to express our gratitude to our amazing local sponsors who have generously supported our club in2024.

Your contributions help us provide our members with the equipment they need to take the courts each week and for this we are truly grateful for your support!

We also want to remind our members and community to support those who support us. Whether it's sharing their social media posts, or simply spreading the word about their services, every little bit helps.

Let's show our sponsors how much we appreciate their support by supporting them in return.

Together, we can achieve great things!

Mott & Associates, Solicitors
Brisbane Sheds & Garages - Ranbuild Brisbane
Allure Stradbroke Resort
Raven Roofing
Irenderit
Tracy Kearey - Mortgage Advice Bureau
McGrath Bayside Cleveland
MTB Builders and Design Pty Ltd

Don't sell. 🪛🔧🔨Renovate and increase the value of your property.
💲💲Your dream kitchen is just a call away. Let's chat. 🏠

Typically you'd expect 13 interest rate hikes to dampen 🏠property prices. But based on Oxford Economics Australia recent forecasts on what Australia's median house prices 📊 will look like by 2027 - it seems waiting for interest rates to drop before buying could prove to be very costly.

✅ It's a MYTH: You do NOT need to have a 20% deposit to buy a home - 📲message me for help.

A fab night! Good company, epicurean delights, and lively discussion. The nosh up was courtesy of Great Southern Bank and hosted by Australia's fav comedian and self-appointed wine aficionado Merrick Watts. Amongst the 🍷 wine pairing and laughs we did manage to get down to business - talking policy, first home buyers and what makes Great Southern Bank's offering such a for clients. 🏠✅

- It was constructive dialogue all round when meeting at Parliament House with Qld's Shadow Minister for 🏠 Home Ownership, David Janetzki MP last week.

Due to high interest rates limiting borrowing capacity and a requirement of a 20% deposit - far too many across are being locked out of the market.

✅Topics discussed on how the current challenges faced by first home buyers could be eased included - increasing Qld's FHB Stamp Duty exemption from $500K to $750K. And with the median house price for Brisbane sitting at approx $910K the case for implementing a sliding scale for a purchase above $750K.

✅Not everyone has parents in a position to support their children with purchasing property, so we discussed alternative financing options that are not reliant on the bank of Mum and Dad. Along with the concept of FHB's Superannuation balances being used as security for 20% deposit without the withdrawal of the funds.

✅Relaying client’s case studies and their frustration with the current system gave urgency to a need for change. The Shadow Minister's interest in face-to-face meetings with first home buyers who are struggling to secure a place to live and hearing their life experiences first-hand was encouraging.

Thanks ANZ state manager, Tim Brookhouse for an informative and inspiring Broker Excellence event this week. It was so awesome to catch up with the guest speaker, former professional Australian rules footballer Alastair Lynch. He's an legend and played for my team the Brisbane Lions, oh and you might have guessed I have a big crush on him…

If you're sitting on the fence waiting for the 🏠property market to slow down - you might need to rethink your strategy. Because Brisbane property prices are booming. 📈📊

💞 Reflecting on the past, present and future this Mother's Day. "Mothers hold their children’s hands for a short while, but their hearts forever". It's my second year without you 💔 😓 - thank you mum for making me the woman I am today. I love you. 💕

📲https://mabconnect.com.au/ ✅ Need equipment for your business but can't, or you don't want to use cash to make the purchase? Keep your cash and I'll get you asset finance.
Some key benefits of asset finance include:
• 100% funding with the asset being the sole security.
• Sidestep the commitment of equity in property-backed security.
It's easy to apply here: https://mabconnect.com.au/ or message me if you want me to give you a call to have a chat.

Prices rising in 88.4% of suburbs 💥

🔄 Australia has hundreds of different property markets, which are often at different points in their cycle, so it's common for there to be many markets where prices are increasing and many where they're decreasing. Right now, though, the vast majority are in growth mode. 📈

An analysis of 4,625 house and unit markets around the country by CoreLogic found that 88.4% experienced median price increases over the year to February 2024.

That compared to 52.9% in July 2023 and 39.1% in February 2023.

The reason prices have risen in most markets over the past year is due to an ongoing imbalance between housing supply and demand.

🏡 Looking to secure your dream home in a competitive market? Here are five tips to help you stand out from the crowd:

1️⃣ Get pre-approved for a home loan. This will make you look more attractive in the eyes of real estate agents, because it will position you as a serious buyer who can move quickly if their client accepts your bid.

2️⃣ Build relationships with real estate agents. While they work for sellers, a good rapport can give you an edge.

3️⃣ Be realistic with your offers. Starting low might backfire; make a strong, competitive bid.

4️⃣ Consider making an offer before auction day. It could sway sellers to accept and avoid the bidding war.

5️⃣ Stay flexible on settlement terms. Being accommodating can make your offer more attractive.

Ready to get pre-approved and jumpstart your home-buying journey? 💼🏠 Let's make it happen! 🏠✨

🥀Way too often, women and children are finding themselves trapped in situations of violence and fear. Your support can provide them with the resources and support needed to break free and rebuild their lives with dignity and security. Just $10 can make the world of difference. https://www.safehavencommunity.com.au/fiver-for-a-survivor


Safe Haven Community Limited

Despite inflation & interest rates soaring, the latest RBA report reveals a surprising trend: most borrowers are keeping up with their debts.

Since the initial rise in the cash rate in May 2022, many mortgage holders have seen their minimum scheduled payments surge by 30–60%. However, borrowers have adapted to these changes, managing to stay current on their loans. 💪

“While housing and personal loan arrears have increased since late 2022, they remain below their pre-pandemic peak,” - Reserve Bank of Australia

🌺 Honoring the courage and sacrifice of our brave ANZAC heroes today and always. Lest we forget.

🥀On this Anzac Day - we remember with gratitude all those who have made the ultimate sacrifice for our freedom and country.
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"Tracy and her team were so easy to work with. I was really impressed with the timeliness of the team in responding to my questions and queries. Tracy offers an excellent mortgage broking service. You always feel like you are in a safe pair of hands".

Home loan commitments are on the rise!

In February, borrowers committed to $26.40 billion in new mortgages, marking a 13.3% increase from the previous year.

Owner-occupier loans accounted for $16.87 billion, up 9.1% from the previous year, while investor loans surged by 21.5%.

As property prices continue to climb, more buyers are entering the market, driving up loan sizes.

📈🏠

Nationally, it now takes 4 years and 9 months for a couple aged 25-34 to save a 20% deposit for an entry-level house.

This is actually faster than a year ago! Of course, it's not because of falling property prices; rather, it's because earnings power (through a combination of higher wages and higher savings account interest rates) has grown faster than property prices have. 💡

Brisbane author Michelle Wilson aims to help those going through separation or divorce to retain as much wealth as possible. A great resource for women, the book covers - The important first steps; How to identify the current market value for all family assets/liabilities and the implications separation has on your superannuation. It's a worthwhile read if you're facing an uncoupling.

Car dealerships are often eager to clear out their current stock before the new financial year begins resulting in unbeatable discounts. In fact, many car dealerships see around a 30% increase in average sales during June, with May-June being the busiest car sales period of the year!

Equally if the car is for your business, purchasing a vehicle before the EOFY can often offer significant tax advantages.

If you've been considering a car or want a lower rate on your current car loan lets rev up your savings and tax advantages today! Get in touch with us.

You're just one click away from your new car. https://rb.gy/2y5u7t

🔍 The latest data from APRA sheds light on three shifts in the housing loan landscape over the past year:

1️⃣ Investors are on the rise! 📈👨‍💼 In December 2023, investment loans surged to 32.4%, up from 30.2% the previous year. Meanwhile, owner-occupier activity dipped slightly from 67.7% to 65.6%.

2️⃣ A sharp decline in borrowing with a debt-to-income ratio of 6 or higher (e.g. someone on a $100,000 salary borrowing $600,000 or more) plummeted from 11.0% to just 5.6% in December 2023.

3️⃣ Loans with an LVR of 80% or more increased from 30.6% to 31.4%.

🔑

Wishing you a day filled with joy, love, and the comfort of home. 🏡✨

🐰🌷 Happy Easter from Mortgage Advice Bureau 🌷🐰

🐰 Happy Easter 🐰 I hope you have a magical Easter holiday and enjoy spending time and making memories with those you love. 💝

Stamp duty costs rising due to 'bracket creep' 👎

Research from PropTrack shows a significant increase over recent decades. In the 1980s, covering stamp duty took about a month's work... if only!

Now, it's...

😱 six months in Sydney/Melbourne,
😩 five in Adelaide
😒 and four in Brisbane.

Last year, almost all buyers faced a stamp duty rate of at least 3% of the sale price, a stark contrast to the '90s.

Reasons behind this surge?
Property prices had grown faster than incomes and 'bracket creep' happens because the price brackets have been updated only infrequently and because home prices have grown, often substantially, since the brackets were last set.

That said, not all home buyers have to pay stamp duty at the full rate; some first home buyers don’t have to pay it at all ... we can help you crunch these numbers.

According to the latest suburb-level analysis from CoreLogic, values surged in nearly 90% of house and unit markets over the past year! 🤯

Despite challenges like rate hikes and affordability issues, the persistent undersupply of housing and robust demand from net migration have kept pushing values upwards. 📈

A testament to the resilience of the housing market in the face of adversity! 💪

Home means something different to everyone. But, whatever your home looks like you'll probably need a loan to buy it. That's where I come in. https://rb.gy/2y5u7t